 The Wild Wild World of Wealth |  |
Here’s something to consider the next time that trader yells in a throaty voice, “Five million Buckeye 5 7/8′s of ’47 to go at six.” Traders earn more money than neurosurgeons. So do I-bankers. According to Bloomberg today, the comparison isn’t even close.
Is Facebook’s $50 billion valuation “God’s work” or more engineering from the organization that brought us the Abacus fiasco?
You know all those investment books—send me $29.95 and I’ll show you how to make millions in the stock market? Forget it. You want market returns. Just tweet this 300-word post and watch portfolios soar. Yours free. Click now and watch the money pour in.
How could Merrill Lynch build a $30 billion CDO position without their CEO’s knowledge?
It’s only a matter of time, it seems to me, before we experience another flash crash—similar to May 6 when the Dow dropped about 700 points in twenty minutes. Here’s why:
With the Dow trading over 10,700 again, the crisis of 2008 is growing long of tooth. Investors are growing short of memory. And many hedgies, who shuttered their funds due to performance, are making a comeback.
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